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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » DDFC will hold controling stake after merger with Abans Finance.

DDFC will hold controling stake after merger with Abans Finance.

Go down  Message [Page 1 of 1]

Deshadaya


Stock Analytic
Stock Analytic
Deshodaya Development Finance Company Ltd. (DDFC)

Deshodaya Development Finance Company Ltd. (DDFC), coming under the Sarvodaya umbrella, is a licensed finance company in the country which obtained the license in 2013. According to reliable sources DDFC has signed a MOU with Abans Finance (AFSL) to merge the two finance companies as per the capital requirement of the Central Bank.

According to sources Book value of DDFC is around 600mn whereas Abans Finance (AFSL) Book Value is less than Rs 500mn. Therefore upon merger DDFC  being the stronger partner, is likely to hold majority shares. This move is likely to benefit Abans Group, and its FMCG business due to the extensive network of Micro Finance customers DDFC possess.

Information about DDFC:
http://www.ddfc.lk

DDFC Annual Report:
http://www.ddfc.lk/downloads/annual_%20report_2013.pdf

Abans Finance Interim Accounts:
http://www.cse.lk/cmt/upload_report_file/1069_1392287820780.pdf



Enlarge this image ..
.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Any one of your links doesn't say about merging. DDFC also new to the finance industry. It does not have any rating according to my knowledge.

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
according to latest information, Deshodya Finance is looking at George Stewart Finance as the deal with Abans finance is called off.

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Where is the source shark and Sstar...Isn't this insider trading...Forum ethics gone to dogs...Behave urself before pointing fingers to others  Mad Mad 

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
How do you know about these stories without getting from an insider. Now don't say bullshit that this news is already spread in the market

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
@jonta999 wrote:Where is the source shark and Sstar...Isn't this insider trading...Forum ethics gone to dogs...Behave urself before pointing fingers to others  Mad Mad 

These are not information obtained through Private Messages. What ever that we know, we post openly. We don't encourage information being shared privately. So I am sure you know where the dogs are?

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Mad dogs running the forum now

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
@Sstar wrote:
@jonta999 wrote:Where is the source shark and Sstar...Isn't this insider trading...Forum ethics gone to dogs...Behave urself before pointing fingers to others  Mad Mad 

These are not information obtained through Private Messages. What ever that we know, we post openly. We don't encourage information being shared privately. So I am sure you know where the dogs are?

I am sure if someone could open Slstocks past Private Messages, then there will be enough proof for authorities to charge him. But as a responsible forum we do not share our information with any third parties unless there is a formal request from the respective authorities.

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
You are not getting my point dear..I'm concern about this thread about DDFC..You are answering like "Koheda yanne malle pol" ne...

I asked from you that isn't this insider trading info? Show your brain to a doctor

Meman


Manager - Equity Analytics
Manager - Equity Analytics
@jonta999 wrote:You are not getting my point dear..I'm concern about this thread about DDFC..You are answering like "Koheda yanne malle pol" ne...

I asked from you that isn't this insider trading info? Show  your brain to a doctor

I agree with Jonta 100%. Sstar should be reported to SEC for giving insider information or spreading rumours. Foot in the mouth again.

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yeah these mods are having a Montessori child attitude...They can't figure out what we are saying...How pathetic...We have to spoon feed them one by one

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@Sstar wrote:according to latest information, Deshodya Finance is looking at George Stewart Finance as the deal with Abans finance is called off.

Thanks Sstar

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@jonta999 wrote:Where is the source shark and Sstar...Isn't this insider trading...Forum ethics gone to dogs...Behave urself before pointing fingers to others  Mad Mad 

Dear Jonta999

Please check the Disclosure in CSE

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Deshodaya , GFS and Capital trust CSE announcement.

Sponsored content


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